AZUL Posts Wider-Than-Expected Q1 Loss, Sees Y/Y Revenue Rise
AZULAzul(AZUL) zacks.com·2024-05-17 03:41

Azul S.A. (AZUL) incurred a loss of 57 cents per share in the first quarter of 2024, wider than the Zacks Consensus Estimate of a loss of 53 cents. Loss per share was 99 cents in the first quarter of 2023. Total revenues of 945millionlaggedtheZacksConsensusEstimateof945 million lagged the Zacks Consensus Estimate of 968.2 million but increased year over year. The year-over-year improvement was due to a healthy demand environment (both domestic and international), robust ancillary revenues, and growth in the company’s other business units. With mor ...